16 out of 22 industry groups in manufacturing sector shows positive growth in November 2016
India's industrial production surged at 13-months high pace of 5.7% in November 2016 over November 2015, snapping 1.8% fall recorded in October 2016. The manufacturing sector's production jumped 5.5%, while mining output rebounded 3.9% after three months of decline, contributing to the increase in industrial production. Further, electricity generation also moved up at seven-month high pace of 8.9% in November 2016.As per the use-based classification, the basic goods output improved 4.7% in November 2016 over a year ago, while the output of intermediate goods moved up 2.7%. The consumer goods output also moved up 5.6%. Within consumer goods, the production of consumer durables increased 9.8%, while that of consumer non-durables also gained 2.9% in November 2016. However, the output of capital goods zoomed 15% in November 2016, while snapping consistent sharp decline for last 12 straight months.
The IIP growth in October 2016 has been revised marginally upwards to (-) 1.8% in the first revision compared with (-) 1.9% reported provisionally. Meanwhile, the growth in August 2016 is unchanged at (-) 0.7% at the final revision from first revision as well as its provisional figure.
In terms of industries, sixteen out of the twenty two industry groups in the manufacturing sector have shown positive growth during the month of November 2016 as compared to the corresponding month of the previous year. The industry group 'Radio, TV and communication equipment & apparatus' has shown the highest positive growth of 32.2%, followed by 23.2% in 'Electrical machinery & apparatus' as well as in 'Motor vehicles, trailers and semi-trailers'. On the other hand, 'Furniture; manufacturing' has shown the highest negative growth of (-) 16.5% followed by (-) 5.2% in 'Office, accounting and computing machinery' and (-) 3.2% in 'Tobacco products'.
Some important items showing high positive growth during the current month over the same month in previous year include 'Cable, Rubber Insulated' 185.0%, 'Tractors complete' 95.0%, 'Telephone instruments including mobile phone and accessories' 42.8%, 'Passenger cars' 29.5%, 'Aviation Turbine Fuel' 28.3%, 'Plastic Machinery including Moulding Machinery' 24.1% and 'Sugar' 21.2%.
Some important items that have registered high negative growth include 'H R Sheets' (-) 49.7%), 'Kerosene' (-) 35.7%, Molasses' (-) 26.2%, 'Gems and Jewellery' (-) 25.4%, 'Polypropylene (including co-polymer)' (-) 23.1% and 'Sugar Machinery' (-) 20.4%.
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